Research Article
Does Climate Change Mitigation Activity Affect Crude Oil Prices? Evidence from Dynamic Panel Model
| | Panel 1: baseline | Panel 2: structural breaks control |
| Oil price (lag) | | | Estimate | 0.85 | 0.81 | Standard error | (0.079) | (0.0430) | value | 0.000 | 0.000 | Carbon intensity | | | Short run | 2.1 | 1.6 | Standard error | (0.8772) | (0.7436) | value | 0.015 | 0.024 | Long run | 14 | 8.4 |
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